Gold and Silver Prices Rise Amid US-Iran Tensions and Tariff Uncertainty, Followed by Profit Booking

Gold and silver prices surged to multi-week highs amid escalating US-Iran tensions, tariff uncertainties following the US Supreme Court's ruling against President Trump's emergency tariffs, and a weakening US dollar. The Supreme Court limited the President's tariff powers, prompting Trump to announce increased global tariffs. This uncertainty, coupled with geopolitical risks and slowing US economic growth, boosted safe-haven demand for precious metals. However, profit booking and a firmer dollar led to a slight correction in prices subsequently. Analysts advise cautious buying on dips amid ongoing volatility and global trade developments.